REDEMPTION PROVISION. Subject to section 8 of this set of Additional Terms and Conditions, this Mortgage except for section 24 shall, on request from the Borrower to the Lender in writing, be void:
(a) on payment to the Lender of the Principal Amount plus interest thereon at the Interest Rate, as follows:
(i) Interest at the Interest Rate on the Principal Amount advanced, computed from the date of such advance up to and including the Interest Adjustment Date shall become due and be paid on the Interest Adjustment Date. At the option of the Lender, interest so due and payable may be deducted from any such advance;
(ii) Thereafter, the Principal Amount advanced, together with interest thereon at the Interest Rate, computed from the Interest Adjustment Date, shall become due and be paid by regular instalments in the Amount of Each Periodic Payment on each and every Payment Date from and including the First Payment Date, to and including the Balance Due Date, and the balance, if any, of the Principal Amount and interest thereon, shall become due and be paid on the Balance Due Date;
(b) on payment to the Lender of any Additional Principal Amounts with interest thereon at the Interest Rate at the times and in the manner agreed to by the Borrower and the Lender,
(c) on payment of all other monies owing by the Borrower under this Mortgage; and
(d) on the observance and performance of all covenants, provisos and conditions required to be observed or performed by the Borrower under this Mortgage.
REDEMPTION PROVISION. (a) The Issuer may redeem the Notes in full on the Commitment Termination Date through a refinancing. The Issuer shall give notice of its election to pay such Notes in accordance with the terms of the Base Indenture and the Note Purchase Agreement prior to such redemption.
(b) The amount required to be deposited into the Series 2005-B Settlement Account in connection with any redemption in full shall be equal to the sum of (i) the Note Principal, plus (ii) accrued and unpaid the interest on the Notes through the Settlement Date on which the redemption occurs, plus (iii) any other amounts (including, without limitation, accrued and unpaid Fees) payable by the Issuer to the Series 2005-B Noteholders, the Indemnified Parties, the Trustee and the Custodian pursuant to the Note Purchase Agreement and the other Transaction Documents, less (iv) the amounts, if any, on deposit at such Settlement Date in the Series 2005-B Settlement Account for the payment of the foregoing amounts. Such deposit shall be made not later than 3:00 p.m. New York City time on the Redemption Date.
REDEMPTION PROVISION. This Charge, except for Section 12, shall, on written request from the Borrower to the Bank, be void upon payment in full by the Borrower to the Bank of the Liabilities, payment of any Taxes, and observance and performance of and compliance with all Liabilities, and when the Borrower has no further liability under any Credit Agreements, and when the Bank has no obligation to make any further advances under any Credit Agreements. The Charge secures or may secure a fluctuating account or accounts and shall not be deemed to have been satisfied or redeemed by any intermediate payment or performance of all or any part of the Liabilities or by reason only that any account or accounts of the Borrower with the Bank cease to be in debit.
REDEMPTION PROVISION. The Notes may be redeemed at any time at the option of the Operating Partnership, in whole or from time to time in part, at a redemption price equal to the sum of (i) the principal amount of the Notes being redeemed plus accrued interest thereon to the redemption date and (ii) the Make-Whole Amount, if any, with respect to such Notes.
REDEMPTION PROVISION. Subject to section 8, this Mortgage except for section 24 shall, on request from the Borrower to the Lender in writing, be void:
(a) (i) on payment to the Lender of the Principal Amount plus interest thereon at the Interest Rate, as follows: Interest at the Interest Rate on the Principal Amount advanced, computed from the date of such advance up to and including the Interest Adjustment Date shall become due and be paid on the Interest Adjustment Date. At the option of the Lender, interest so due and payable may be deducted from any such advance;
REDEMPTION PROVISION. Subject to section 6 of this set of Additional Terms and Conditions, this Mortgage except for section 22 shall, on request from the Borrower to the Lender in writing, be void on payment to the Lender, on demand, of the Indebtedness and on the observance and performance of all covenants, provisos and conditions required to be observed or performed by the Borrower in respect of the Indebtedness, whether contained in this Mortgage or otherwise.
REDEMPTION PROVISION. If, at any time, (i) five or fewer Persons shall be or become the Owners of more than fifty percent (50%) of the value of the total outstanding shares of Preferred and Common Stock of the Corporation (including any rights to acquire Preferred or Common Stock of the Corporation), (ii) a Person shall be or become an Owner of a total number of outstanding shares of Preferred and/or Common Stock of the Corporation (including any rights to acquire Preferred or Common Stock) in excess of the Ownership Limit, excluding, however, any Person acquiring outstanding shares of Common Stock in the Corporation, in exchange for interests in the Partnerships or in the Partnerships’ cash available for distribution held as of the record date of November 8, 1993, in excess of the Ownership Limit as a result of the Corporation’s acquisition of the assets of, or equity interest in, the Partnerships referenced in Section 2.3 of the Articles of Incorporation of the Corporation, or (iii) the Board of Directors shall in good faith be of the opinion that Ownership of the outstanding shares of Preferred and Common Stock of the Corporation has or may become concentrated to an extent that may prevent the Corporation from qualifying as a REIT, then the Board of Directors shall have the power:
(1) With respect to any Ownership or proposed transfer or acquisition of outstanding shares in excess of the Ownership Limit, to refuse to permit or give effect to such transfer or acquisition, to take any action to void any such transfer or acquisition or to cause it not to occur, and/or to call for redemption the number of shares of common stock of the corporation sufficient to cause such Person’s Ownership not to exceed the Ownership Limit, and
(2) With respect to subparagraphs (i) and (iii) above, by lot or other means deemed equitable by it, to prevent the transfer or acquisition of and/or, to the fullest extent permitted by law, to call for redemption of a number of shares of Preferred Stock or Common Stock of the corporation sufficient, in the opinion of the Board of Directors, to maintain or bring the direct or indirect Ownership thereof in order to permit the corporation to qualify, or to continue its qualification as a REIT under the provisions of the Code. The redemption price to be paid for the shares of the corporation so called for redemption, on the date fixed for redemption (which date shall be the date the corporation designates as the date for redemption), shall be the closing pri...
REDEMPTION PROVISION. The Company may redeem the Preferred Stock (i) in whole or in part, from time to time, on any dividend payment date on or after September 30, 2022, at a redemption price equal to $25 per share of Preferred Stock, plus any declared and unpaid dividends, without accumulation of any undeclared dividends, to but excluding the redemption date or (ii) in whole but not in part, at any time within 90 days following a “regulatory capital treatment event,” as described in the preliminary prospectus supplement, dated July 27, 2017, at a redemption price equal to $25 per share of Preferred Stock, plus any declared and unpaid dividends, without accumulation of any undeclared dividends, to but excluding the redemption date. The holders of the Preferred Stock will not have the right to require redemption or repurchase of the Preferred Stock Listing: The Company intends to list the Preferred Stock on the NYSE under the ticker VLYPRB. If the application is approved, trading of the Preferred Stock on NYSE is expected to commence within a 30-day period after the original issuance date of the Preferred Stock Public Offer Price: $25.00 per share Preferred Stock Underwriting Discounts and Commissions (1): 3.15% / $0.7875 per share Preferred Stock Proceeds to the Company (before expenses) (2): $96,850,000 (excluding any exercise of the over-allotment option) CUSIP / ISIN: 000000000 / US9197943056 Book-Running Manager: Xxxxx, Xxxxxxxx & Xxxxx, A Xxxxxx Company Co-Manager: Xxxxx Group, LLC The Company has filed a shelf registration statement (File No. 333-202916) (including base prospectus) and related preliminary prospectus supplements dated July 27, 2017 with the Securities and Exchange Commission (the “SEC”) for the offerings to which this communication relates. Before you invest, you should read the prospectus in that registration statement, and related applicable preliminary prospectus supplement and any other documents that Valley has filed with the SEC for more information about Valley and the offerings. You may get these documents for free by visiting XXXXX on the SEC website at xxx.xxx.xxx. Alternatively, the issuer, any underwriter or any dealer participating in the offerings will arrange to send you the prospectus and the related preliminary prospectus supplement if you request it by calling Xxxxx, Xxxxxxxx & Xxxxx, Inc. toll-free at 800-9661559.
REDEMPTION PROVISION. The Issuer may redeem the Notes in full on the Commitment Termination Date through a refinancing. If the Issuer refinances any other Series on its commitment termination date, the Issuer covenants and agrees to refinance the Notes in full concurrently (unless otherwise agreed to in writing by the Funding Agent). The Issuer shall give notice of its election to pay such Notes in accordance with the terms of the Base Indenture and the Note Purchase Agreement prior to such redemption.
REDEMPTION PROVISION. (a) The Issuer shall redeem the Notes in full (if it is able) on the Commitment Termination Date through a refinancing. The Issuer shall give notice of its election to pay such Notes in accordance with the terms of the Master Trust Indenture and the Series 2007-A Note Purchase Agreement prior to such redemption.
(b) The amount required to be deposited into the Series 2007-A Payment Account in connection with any redemption in full shall be equal to the sum of the following:
(i) the Series 2007-A Note Principal,
(ii) any accrued and unpaid the interest on the Notes through the Payment Date on which the redemption occurs,
(iii) other amounts (including, without limitation, accrued and unpaid Fees) payable to the Noteholders pursuant to the Series 2007-A Note Purchase Agreement, and
(iv) the amounts, if any, on deposit at such Payment Date in the Series 2007-A Payment Account for the payment of the foregoing amounts. Such deposit shall be made not later than 1:00 p.m. New York City time on the Business Day prior to the Redemption Date.
